v3.25.2
Income Taxes (Tables)
3 Months Ended 12 Months Ended
Mar. 31, 2025
Dec. 31, 2024
Income Taxes [Abstract]    
Schedule of Provision for Income Taxes

The Company’s provision for income taxes consisted of the following:

 

Three Months
Ended
March 31,
2025

 

Three Months
Ended
March 31,
2024

Current:

 

 

 

 

 

 

 

Federal income tax expense

 

$

23,614

 

 

$

22,129

State income tax expense

 

 

10,910

 

 

 

10,219

Deferred:

 

 

 

 

 

 

 

Federal income tax benefit

 

 

(2,311

)

 

 

State income tax benefit

 

 

(769

)

 

 

Total

 

$

31,444

 

 

$

32,348

The Company’s provision for income taxes consisted of the following:

 

Year Ended
December 31,
2024

 

Year Ended
December 31,
2023

Current:

 

 

   

 

 

Federal income tax expense

 

$

207,469

 

$

State income tax expense

 

 

101,883

 

 

1,925

Total income tax expenses

 

$

309,352

 

$

1,925

Schedule of Effective Tax Rate

The following tables reconciled the federal statutory tax rate to the Company’s effective tax rate for the three months ended March 31, 2025 and 2024:

 

Three Months
Ended
March 31,
2025

 

Three Months
Ended
March 31,
2024

Federal statutory income tax rate

 

21.00

%

 

21.00

%

State statutory income tax rate, net of effect of state income tax deductible to federal income tax

 

7.01

%

 

7.00

%

Permanent difference (non-deductible expenses)

 

0.05

%

 

0.10

%

Effective tax rate

 

28.06

%

 

28.10

%

The following tables reconciled the federal statutory rate to the Company’s effective tax rate for the year ended December 31, 2024 after Linkhome Realty’s tax status changed to C-corporation:

 

Year Ended
December 31,
2024

Federal statutory income tax rate

 

21.00

%

State statutory income tax rate, net of effect of state income tax deductible to federal income tax

 

7.40

%

Permanent difference (non-deductible expenses)

 

0.04

%

Effective tax rate

 

28.44

%

Schedule of Net Deferred Tax Assets

As of March 31, 2025 and December 31, 2024, the net deferred tax assets consisted of the following:

 

March 31,
2025

 

December 31,
2024

Deferred tax assets:

 

 

   

 

 

Unrealized loss on trading securities

 

$

3,080

 

$

Less: valuation allowance

 

 

 

 

Deferred tax assets, net

 

$

3,080

 

$